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Suriname's GranMorgu Oil Project (Block 58) Approved, Expected to Generate Up to $26 Billion in Fiscal Income; Petronas Reports 8 Discoveries in Block 52
Suriname's GranMorgu deepwater oil project in offshore Block 58 has received final investment decision (FID) approval from operators TotalEnergies and APA Corporation. The project, targeting an estimated 760 million barrels of recoverable resources, is expected to come online in 2028 with a capacity of 220,000 barrels per day and generate up to $26 billion in fiscal income for Suriname. Additionally, Malaysia's Petronas has announced eight oil discoveries in Suriname's offshore Block 52 by June 2026, including the Sloanea field, further solidifying the nation's emergence as a major oil producer.
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